VEEA INC. (VEEAW)
Veea Inc. delivers comprehensive solutions in edge computing, multiaccess multiprotocol communications, edge storage, and cybersecurity. At the core of its offerings is the Multiaccess Edge Computing (MEC) platform, an innovative system designed to revolutionize edge connectivity and processing. This platform cleverly integrates the functionalities of multiple devices—including servers, network-attached storage (NAS), routers, firewalls, Wi-Fi Access Points, IoT gateways, and 4G/5G connections—into a unified architecture. Additionally, Veea's Edge Platform ensures direct connectivity from diverse network sources, such as optical fiber, cellular, and satellite networks. The company's product line includes the VeeaHub STAX, an edge computing device with integrated wireless access like Wi-Fi 6; the standard VeeaHub, providing connectivity for professional indoor smart edge applications; and the VeeaHub Outdoor, tailored for wireless integration in smart edge uses across outdoor and industrial settings. Further expanding its portfolio, Veea provides the TROLLEE smart shopping cart platform, a VeeaHub development toolkit, and the Veea AdEdge advertising platform. Headquartered in New York, New York, Veea Inc. was established in 2014.
Sector: Services-Computer Integrated Systems Design
Industry: Information Technology Services
Veea Inc.
No splits on record
Nothing in VEEAW's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $222K | $142K | $9.07M | $224K | $2.8M |
| YoY Growth | 56.6% | -98.4% | 3949.1% | -92.0% | - |
| Cost of Revenue | $70K | $83K | $467K | $285K | $2.76M |
| Gross Profit | $152K | $58K | $8.61M | -$61K | $43K |
| Gross Margin | 68.5% | 41.2% | 94.9% | -27.3% | 1.5% |
| Research and Development | $328K | $1.37M | $693K | $3.23M | $5.68M |
| Selling, General, and Administrative | $18M | $27.45M | $17.45M | $20.46M | $21.82M |
| Other | -$570K | -$977K | $818K | $1.88M | $5.85M |
| Total Operating Expenses | $17.76M | $27.85M | $18.97M | $25.57M | $33.35M |
| Operating Income (EBIT) | -$17.61M | -$27.79M | -$10.36M | -$25.63M | -$33.31M |
| Operating Margin | -7930.8% | -19602.0% | -114.2% | -11438.3% | -1189.5% |
| Interest Expense | $2.2M | $1.81M | $5.32M | - | - |
| Interest Income | $0 | $0 | $2K | $4.68M | $16K |
| Other Income (Expense) | $10.95M | -$19.76M | -$5.28M | -$9.57M | -$1.95M |
| Income Before Tax (EBT) | -$6.66M | -$47.55M | -$15.64M | -$35.2M | -$35.26M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$6.66M | -$47.55M | -$15.64M | -$35.17M | -$35.07M |
| Net Income Margin | -2999.8% | -33541.0% | -172.4% | -15695.9% | -1252.3% |
| Supplementary Data | |||||
| EPS | -3.00 | -26.40 | -8.80 | -17.60 | -17.60 |
| Diluted EPS | -3.00 | -26.40 | -8.80 | -17.60 | -17.60 |
| Weighted Average OS | 2.28M | 1.80M | 1.78M | 2.00M | 2.00M |
| EBITDA | -$3.71M | -$45.04M | -$8.71M | -$22.31M | -$25.47M |
| EBITDA Margin | -1670.1% | -31770.4% | -96.0% | -9955.5% | -909.7% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $134K | $1.69M | $6.01M | $186K | $951K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $134K | $1.69M | $6.01M | $186K | $951K |
| Accounts Receivable | $140K | $85K | $53K | $25K | $0 |
| Inventory | $9.65M | $7.46M | $7.38M | $7.55M | $4.72M |
| Other Current Assets | $2K | $712 | $0 | $0 | $0 |
| Total Current Assets | $15.57M | $14.88M | $13.95M | $7.88M | $7.54M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $92K | $328K | $7.57M | $1.92M | $2.89M |
| Goodwill | $5.1M | $4.78M | $4.8M | $4.58M | $5.12M |
| Intangible Assets | $7.43M | $741K | $628K | $1.06M | $2.25M |
| Long-Term Investments | $0 | $236K | $452K | $626K | $608K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $34K | $85K | -$6.56M | $96K | $132K |
| Total Long-Term Assets | $12.65M | $6.17M | $6.89M | $8.28M | $11M |
| Other Assets | $1 | $45K | $0 | $0 | $0 |
| Total Assets | $28.22M | $21.09M | $20.84M | $16.16M | $18.53M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $4.05M | $1.29M | $1.08M | $4.4M | $1.7M |
| Short-Term Debt | $19.76M | $12.7M | $21.6M | $33.42M | $69.55M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $897K | $2.05M | $0 | $250K |
| Total Current Liabilities | $31.82M | $20.14M | $32.19M | $45.91M | $83.62M |
| Long-Term Liabilities | |||||
| Long-Term Debt | $0 | $97K | $0 | $0 | $1.22M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $6.15M | $17.88M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $6.15M | $17.98M | $119K | $548K | $2.56M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $37.97M | $38.12M | $32.3M | $46.46M | $86.18M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $710 | $359 |
| Common Stock | $5K | $4K | $2K | $72 | $72 |
| Retained Earnings | -$224.49M | -$217.83M | -$170.28M | -$154.64M | -$119.48M |
| Comprehensive Income & Other | -$1.25M | $135K | -$661K | $772K | -$560K |
| Other Stockholders' Equity | $214.73M | $200.8M | $158.81M | $124.55M | $52.01M |
| Total Equity | -$9.75M | -$17.02M | -$11.47M | -$30.09M | -$67.46M |
| Minority Interest | $0 | $0 | $0 | -$206K | -$184K |
| Total Liabilities and Equity | $28.22M | $21.09M | $20.84M | $16.37M | $18.72M |
| Supplementary Data | |||||
| Total Debt | $19.76M | $12.92M | $22.16M | $34.83M | $72.96M |
| Net Debt | $19.63M | $11.23M | $16.15M | $34.64M | $72.01M |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | -$6.66M | -$47.55M | -$15.64M | -$35.17M | -$35.07M |
| Depreciation & Amortization | $750K | $702K | $1.61M | $3.37M | $5.08M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $1.55M | $6.7M | $485K | $845K | $479K |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$54K | -$32K | -$28K | -$25K | $111K |
| Inventory | -$794K | -$639K | -$148K | -$3.19M | -$955K |
| Accounts Payable | $3.41M | $342K | -$1.59M | $0 | $0 |
| Other Working Capital | $553K | -$4.07M | $1.35M | $2.69M | $887K |
| Total Working Capital Change | $3.11M | -$4.4M | -$417K | -$527K | $43K |
| Other Non-Cash Items | -$13.98M | $18.96M | $1.31M | $9.45M | $27.33M |
| Net Cash from Operating | -$15.23M | -$25.6M | -$12.65M | -$22.03M | -$2.14M |
| Investing Activities | |||||
| Capital Expenditures | -$8K | -$46K | -$35K | -$31K | -$85K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$319.22M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$239K | -$219K | -$120K | -$218K | $85K |
| Net Cash from Investing | -$247K | -$265K | -$155K | -$249K | -$319.22M |
| Financing Activities | |||||
| Debt Repaid | -$7.81M | -$10.44M | $732K | -$12M | -$23.7M |
| Common Stock Issuance | $5.29M | $11.06M | $17.26M | $0 | $321.46M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $837K | $72K | $2.05M | $9.53M | -$23.7M |
| Net Cash from Financing | $13.94M | $21.57M | $18.57M | $21.52M | $321.46M |
| Forex Effect | -$13K | -$37K | $58K | -$16K | $0 |
| Net Change in Cash | -$1.55M | -$4.32M | $5.82M | -$765K | $107K |
| Supplementary Data | |||||
| Operating Cash Flow | -$15.23M | -$25.6M | -$12.65M | -$22.03M | -$2.14M |
| Capital Expenditure | -$247K | -$265K | -$155K | -$31K | -$4 |
| Free Cash Flow | -$15.48M | -$25.86M | -$12.81M | -$22.06M | -$2.14M |
| Cash at Beginning | $1.69M | $6.01M | $186K | $951K | $0 |
| Cash at End | $134K | $1.69M | $6.01M | $186K | $107K |